my country's phenol industry ushered in a development climax (2)

3.
Supply and demand of the global phenol market.

In 2002, the total demand for phenol in the world was 6.
94 million tons, an increase of 5.

By region, the demand for phenol in the United States increased by 0.
6% in 2002 to 2.
12 million tons; the demand for phenol in Europe fell by 0.

In summary, the global demand for phenol is generally growing at an average annual rate of 6%, and the demand in Northeast Asia will grow the fastest, reaching 8% per year.
Demand in Europe is also expected to grow at a rate of 6% per year, while the growth rate in North America is slower, at 4% per year.
Bisphenol A and polycarbonate are the two main products that consume phenol.

In recent years, my country's phenol imports have been increasing.
The export quantity is extremely limited, only reaching the order of 100 tons per year.
From 1997 to 1998, due to the impact of the Asian financial crisis, the volume of imports declined, and the volume of imports continued to increase after 1999.

Phenol is an important derivative of petroleum.
As the international oil market continues to climb higher (some international critics say it will reach US$150/barrel in the future), it is inevitable that the price of phenol will continue to rise.

China's phenol industry ushered in a climax of development (1)